I got the following in an email from my mom the other day.
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"So that any who don't know, may know now"
Our Senators and Congressmen do not
pay into Social Security, and, of course,
therefore they do not collect from it.
Social Security benefits were not suitable
for persons of their rare elevation in
society. They felt they should have a
special plan for themselves. Many years
ago they voted in their benefit plan. In
more recent years, no congress person has
felt the need to change it. After all, it
is a great plan. For all practical purposes
their plan works like this.
When they retire, they continue to draw
their same pay until they die, except it
may be increased from time to time by
the cost of living adjustments.
For example, former Senator Bradley,
and his wife, may be expected to draw
$7,900,000.00, with Mrs. Bradley
drawing $275,000.00 during the last
year of her life. This is calculated on
an average life span for each.
Their cost for this excellent plan is $"0",
nada, zilch. This little perk they voted
in for themselves is free to them. You
and I pick up the tab for this plan.
This fine retirement plan funds come directly
from the General Funds. Our tax dollars at
work! Social Security, which you and I pay
into every payday for our own retirement,
with an equal amount matched by our
employer, we can expect to get an average
of $1,000.00 per month from our Social
Security plan. Or, we would have to collect
our benefits for 681 years and 1 month to
equal the Bradley's benefits.
Imagine for a moment that you could
structure a retirement plan so desirable that
people would have extra amounts deducted
from their pay to enhance their own
personal retirement income. A retirement
plan that worked so well, that Railroad
Employees, Postal Workers, and others
who were not in the plan would clamor to
be included.
This is how good Social Security could be,
if only one small change were made.
That change would be to jerk the Golden Fleece
Retirement Plan out from under the
Senators and Congressmen. put them into
the Social Security plan with the rest of us.
Then watch how fast they would fix it !!!
-----------------------------------
Is there any truth to this?
----------------------------------------
"So that any who don't know, may know now"
Our Senators and Congressmen do not
pay into Social Security, and, of course,
therefore they do not collect from it.
Social Security benefits were not suitable
for persons of their rare elevation in
society. They felt they should have a
special plan for themselves. Many years
ago they voted in their benefit plan. In
more recent years, no congress person has
felt the need to change it. After all, it
is a great plan. For all practical purposes
their plan works like this.
When they retire, they continue to draw
their same pay until they die, except it
may be increased from time to time by
the cost of living adjustments.
For example, former Senator Bradley,
and his wife, may be expected to draw
$7,900,000.00, with Mrs. Bradley
drawing $275,000.00 during the last
year of her life. This is calculated on
an average life span for each.
Their cost for this excellent plan is $"0",
nada, zilch. This little perk they voted
in for themselves is free to them. You
and I pick up the tab for this plan.
This fine retirement plan funds come directly
from the General Funds. Our tax dollars at
work! Social Security, which you and I pay
into every payday for our own retirement,
with an equal amount matched by our
employer, we can expect to get an average
of $1,000.00 per month from our Social
Security plan. Or, we would have to collect
our benefits for 681 years and 1 month to
equal the Bradley's benefits.
Imagine for a moment that you could
structure a retirement plan so desirable that
people would have extra amounts deducted
from their pay to enhance their own
personal retirement income. A retirement
plan that worked so well, that Railroad
Employees, Postal Workers, and others
who were not in the plan would clamor to
be included.
This is how good Social Security could be,
if only one small change were made.
That change would be to jerk the Golden Fleece
Retirement Plan out from under the
Senators and Congressmen. put them into
the Social Security plan with the rest of us.
Then watch how fast they would fix it !!!
-----------------------------------
Is there any truth to this?
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